Skip to main content

About your Search

20121128
20121206
STATION
CNNW 18
CNBC 13
FBC 7
MSNBCW 7
KTVU (FOX) 1
LANGUAGE
English 60
Search Results 0 to 49 of about 60 (some duplicates have been removed)
stoned? and if so, how did they give her dollar bills? >>neil: take the 98 percent deal and deal with tax rate hikes on the rich later? that is a republican congressman. comingcoming to you from sunny california, the tax capital of the world, taxes could now go even higher for those earning more than $250,000 a year, or maybe a lot higher because a republican congressman seas we should freeze tax rates for the majority of the americans in time for christmas and deal with the top 2 percent who likely see their rates raised later. that triggers this reaction from house of representatives speaker boehner. >> i told tom i disagreed. you are not going to grow the economy if you raise tax rates on the top two rates. it will hurt small business. it will hurt our economy. that is why this is not the right approach. >> now the guy at the center of the tax storm, oklahoma republican congressman, congressman, he singled you out for calling you out. how do you feel about that? >> i like the speaker. we have a great relationship and we are able to talking directly and honestly with each other and i ha
real estate in the baltimore-washington area. >> i am not sure with what will happen on the tax treatment of that stuff. i long it for long-term fort foalos. david asbin is coming up on forbes on fox. you are watching all things news. you are watching fox and now dave and now. well, liberal are fanning in america today pushing the president's agenda for tax increases with few if any spectaculars about spending cuts. many of these are specific about what they don't want cut and don't touch entitlement spending echoed by democraticic lawmakers. >> i think social security should be taken off from the table. >> moment yoize social security or voucherize medicare or block grant medicaid you lose us. >> but the new forbes report showing that more people in the states are taking money from the government than the private sector, can our nation afford a deal that doesn't put so-called entitlements on the table. i am dave. we'll go to. mike, to you. we have to put entitlements on the table? >> for the sake of the over all economy we must put enments on the table. over the last four years
, for an obama bailout. so, who is next? california, illinois, good question. raise tax rates on the rich or no deal. yeah, the line has been drawn again. president obama says america is poised to take off, but only if the republicans agree to tax the rich directly. he will only accept higher tax rates. how will speaker boehner respond to that? he speaks within the hour. and how about this, top anchors at a news network visit the white house for a cozy chat with the president. tell us, mr. president, how can we sell your tax the rich policy? citigroup, 11,000 jobs gone. "varney & company" about to begin. having you shipy gifts couldn't be easier. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ me announcer ] break from e holiday stress fedex office. >> we'll begin with sad news. dame elizabeth mother of news corporation chairman and chief executive rupert murdoch died at age 103. news point company fox. now sad news. and he's raised tax rates and he was elected based on his tax the rich pol
's tax push. he wants the rich to pay up but is it fair? >>> and one of the most influential spiritual leaders in the world, america's pastor, rick warren. he was there at barack obama's first inauguration. will he be there again? we're talking politics, same sex marriage and the "two and a half men" star whose christian conversion has him attacking his own show. this is "piers morgan tonight." >>> good evening. our big story tonight, countdown to financial doomsday, the fiscal cliff and the clock is ticking. 35 days left before this massive sweeping tax hike. america's now at the mercy of washington, hoping that both sides can end the fighting and make a deal. anti-tax champion grover norquist last night told me he's keeping republicans to the no tax increase pledge they made decades ago. but should his party back away from that promise? joining me in his first interview since the election, reince priebus, chairman of the republican national committee. welcome back, mr. priebus. how are you? >> doing great, piers. how are you? >> you have been keeping your head below the paraput since
, accelerating all three quarters into one lump sum this calendar year before the proposed tax hikes would kick in for shareholders. that will be a total of 18 cents per share. again, their fiscal second, third and fourth quarter dividends that would have been all been paid in calendar 2013 will be paid out on december 21st. the next opportunity for the board to consider and approve a dividend will be after the earnings results for the fist quarter disturb first quarter, and that will be on august be 1st -- 31st. again, they're going to fast forward three quarters' worth of dividends, pay them out to shareholders now against possible higher dividend taxes in the new year. >> very interesting. david: it's taken at least three-quarters of a year e and putting it into this year. let me go to mark sebastian again. you have telegraphed that a lot of this thing was going to happen, but there's one stock that you very tantalizingly suggest may be about to do the same, and that is apple. tell us about what you've heard that apple might be dealing with dividends this way. >> absolutely. well, you know,
. ♪ >> chris: the president is demanding higher tax rates. congressional republicans want deeper spending would you tell us and entitlement reform. will they make a deal before we bring in the new year with a round of tax increases for all of us? we'll ask the two men at the center of the negotiations, where we really stand. for the president, treasury secretary timothy geithner, for the g.o.p., house speaker john boehner. geithner and boehner, only, on fox news sunday. >>> plus we have seen this movie before. the two parties edging closer and closer to the brink. we'll ask our sunday panel whether we'll get a happy ending for an economic disaster. >>> and our power player of the week, a young beauty queen has to make a tough choice, all, right now on fox news sunday. ♪ >> chris: and, hello again from fox news in washington. well, we had quite a day around here, friday. with talks to avoid the fiscal cliff deadlock and everyone saying, the other side is to blame, treasury secretary geithner scheduled a round of interviews, then, friday afternoon, speaker boehner's office called to say he want
boehner told the president to leave the tax cuts for the rich alone. the president says he doesn't want to do that. he's going to stick with his plan to raise $1.6 billion in revenue and if republicans have something better they should be specific now. eric cantor said republicans are already going further than they did in the same spot in 2010. >> we have done our part. we have put revenues on the table, something we didn't do two years ago during the debt ceiling negotiations. >> we've seen some positive developments in the last several weeks, in terms of what republicans have been saying about the need for revenue as part of a balanced package. the president will continue to make the case that that is essential. >> reporter: so both sides saying revenue is on the table, now the fight is obviously to figure out where it's going to come from, how the government is going to make more money. democrats want it to come from increased tax rates on the rich, republicans would prefer to make that extra money by reforming the tax code and entitlements. bill: how is the president trying to rall
's big tax hikes, companies and investors are cashing out. including one of president obama's biggest supporters. plus, as susan rice makes the rounds on capitol hill, we'll look at who could make up the national security team in president obama's second term. ♪ >> i am ready and able and willing and excited to go ahead and get this issue resolved in a bipartisan fashion so that american families, american businesses, have some certainty going into next year. >> i'm disappointed in where we are and i'm disappointed in what's happened over the last couple of weeks. the fiscal cliff is a serious business and i'm here seriously trying to resolve it and i would hope the white house would get serious as well. >> welcome tt colonel, editorial report, i'm paul gigot, not a meeting of the minds between president obama and house speaker john boehner where talks to end the fiscal showdown ends. the president for his park took his place for the public and called for america and little cuts to entitlement spending something the speaker says must be part of any final deal. wall street journal c
of the republican party today. with senator demint speaking on the idea that $800 billion of tax increases were offered. but he got the backing of mitch mcconnel. take a listen to what he had to say. >> i think it sis important tha the house leadership is trying to mov move it forward. i had hoped that we would be accomplishing more in the real talks. but i can tell you, there is nothing going on privately that is not going on publicly. even as he has to deal with this rebellion. he has to deal with democrats and harry reid's comments today give you a sense of where they are coming from. >> they have to come up with specific revenue. and they refuse to do that. it is a simple question of arithmetic. you can't get from here to there unless you raise the rates. so as you know in washington, a rebellion in the ranks like this could be a problem. but in the spohort-term, if it remains constrained. it could be a good negotiating term. he could say i have offered everything that i have and still get this thing passed. you know, i never hear the discussion about spending. i'm not saying you. it is abo
struggles with crisis our official representative may be a celebrity bungler. new taxes announcing, these are taxes no matter how the fiscal cliff works out. and larry ellison knows it and pays to avoid a dividend tax. gets 200 million dollars. i'm still shaking my head. ambassador anna wintour? "varney & company" is about to begin. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the marke hgoes with people he trusts, which ishy he trades with a company that doesn't nickel and dime im with hidden fs. he caworry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. i heard you guys can sp ground for ss than the ups store. that's right. i've learned the only way to get a holiday deal is to camput. you know we've be open all night. is this a trick to t my st? male announcer break frothe holiday stss. save on ground shipping at fedex office. >> ambassador anna wintour, it's got
pass a law that would prevent a tax hike on the first $250,000 of everybody's income. >> the election's over. he won. congratulations. >> if we can get a few house republicans to agree as well -- >> we all agree but we're not going to raise taxes on people that make less than $250,000. we should take them out of this discussion. >> i've got a pen. i'm ready to sign it. >> he's got the republicans on the ropes and they know it. >> obama's answer to this budget crisis is to raise taxes on the wealthy just because he ran on that promise. and won the election. >> the president really wants to reach an agreement, he needs to be talking with the members of his own party right here in washington. >> it's too important for washington to screw this up. we really need to get this right. ♪ how do you like me now ♪ ♪ how do you like me now ♪ >> good afternoon, it is difficult to hold down the excitement here in new york. it is a growing frenzy that everyone's talking about. there are fantasies of celebration, if the numbers go their way. there are teams pooling resources.
federation of independent business, read smaller business. his pleas to congress to lower tax rates on business income, you hear about the big ceo writing letters to congress and the president, his group wrote a letter and are ready to make noise. we will tell you what drove the market in today's data download. stocks rebounded after falling triple digits in the first hour of trade, hints of a potential debt deal end, more quantitative easing, pushed all the way into the green. the wall street journal about 21 minutes ago running a story about the federal reserve, q e 4 will be announced december 12th. the dow, andy and nasdaq end trading day near session highs. all ten sectors higher for the first time in two months. consumer discretionary and energy were the top performers. you helped crude oil falling for the third straight day dropping to its lowest level in a week on demand concerns, will closing down 1% to $86.49 a barrel. home sales falling below economists' estimates last month dropping 0.3% to an annual rate of 368,000. people had higher hopes for the number because septemb
position on tax rates but the president won't budge. he told him, if he has an alternative plan, he ought to put that forward rather than focusing on entitlements. the white house will send tim geithner to capitol hill for a meeting. yesterday the president met with ceos including at&t, goldman sachs, coca-cola and caterpillar, many of whom said after the meeting they emerged hopeful a deal could be struck to avoid the fiscal cliff. in another meeting with middle-class americans, president obama said he believes the framework for a deal could be in place before christmas. >> and i'll go anywhere, and i'll do whatever it takes to get this done. it's too important for washington to screw this up. now's the time for us to work on what we all agree to, which is let's keep middle-class taxes low. that's what our economy needs. that's what the american people deserve. >> white house also turning to social media has a twitter hash tag to spread its message. >> today i'm asking congress to listen to the people who sent us here to serve. i'm asking americans all across the country to make your voi
in savings from tax reform from closing special interest loopholes and deductions. $600 billion in so-called health savings, which includes changes to medicare. 300 billion other mandatory savings. 300 billion in further discretionary savings. the white house swiftly shot it down. until the republicans in congress are willing to get serious about asking the wealthiest to pay slightly higher tax rates, we won't be able to achieve a significant balanced approach. >> a man who's been called one of the keys to reaching a real deal. we appreciate it. >> thank you. >> let's begin with this letter that comes -- is addressed to the president and comes from the majority leader, boehner. in this letter, he sort of lays out part of his plan. what do you think of his plan as we've laid out so far, and in the specifics this letter. >> i think the first thing i've heard you say, the white house is reacting negatively to it, which is really concerning to me. that -- what he offered was what erskine bowles offered to the select committee as a compromise between the democrats and the republicans. i'm
for taxes. >> could have been for taxes, but,,and the but is very important, if there's a frame work december 31st at midnight, it will be just that. the markets will, i think, react predictly, and that's not positive. if there's a recession because there's not a tax plan, we'll be hurt. >> that's the wild card; right? how the markets reagent to it because we don't know. >> we don't. >> impossible to predict. they could sell off. going over the cliff for a week or two is not the end of the world if there's a deal done, if you request remove potential market reaction. >> employers are not hiring. story after story about small businessmen with obamacare and uncertainties, i'm not going to invest. >> will they get it done? i'm with lori, it was a lot of show and gamesmanship. >> i think there's going to be a frame work achieved, but not meaningful debt or deficit reduction, no reform to entitlements, and i don't think there's tax reform. there's a deal in form, but i think there's more to get done. >> are we done? >> ask another if you want. >> do they really have to raise taxes? people
cost of living increases for social security benefits. they also propose overhauling the tax code to generate $800 billion in new revenue. but without raising taxes on the wealthy. in a letter to the president, leading republicans compared their plan to one erskine bowles drew up last year. >> not even close. >> he rejected that connection and the white house, of course, is hitting the road. we'll get to that in a moment. but here's my question. i've been watching the coverage of this and reading it. and there's a lot of liberals who were like, he won, ha, ha, they're so arrogant about it, it's hard to like them. because it's just not attractive. but he did -- >> yeah, he won. >> and he is going to the american people with this. and why can't the starting point of these negotiations be about the tax rates and go from there. why are we at square one? and why is this on the president at this point? since he won. i understand the first four years being kind of bruising. >> right. >> but -- at what point does he have the right to draw a line in the sand? >> so he has every right to dr
before the end of the year when tax breaks may change. stifle nicklaus saying the new skin and monster beverage are the most likely companies in the coverage to announce special dividend is due to the tax uncertainty that would bring up to 180 companies that announced this again. they may change their dividends before the end of the year. dave: think of the billions of dollars that will be in the economy just when people will be buying those blue boxes. this could be a nice stimulus for the economy. john boehner saying he has seen no substantive progress on the fiscal cliff talks in the last couple weeks. what compromises need to be made? sheila bair, being a former fdic chair, telling us 4 ways wall street can help out and it is not all good news for investors. liz: did you see the cover of the wall street journal? fed stimulus like gillian 2013. we talked about this the second broke yesterday halfway through the 3:00 p.m. show. the man who wrote the article, wall street journal's chief economic correspondent and chief head head to lend us live. dave: before that is of we will tell yo
and put on the table? >> he put out a number of $1.6 trillion in new taxes. that was, according to republican officials, a surprise. they expected a much smaller number and that has republicans crying foul. additional spending on medicare to pay doctors, protecting middle income americans from a tax hike. $50 billion in stimulus. and in return $400 billion in medicare and other savings next year and an agreed mechanism for allowing a vote on a debt ceiling increase republicans are not at all pleased with this, publicly crying foul. the white house has said that they have signed into law $1 trillion into tax cuts next year and will rg to compromise on more. bottom line, most sides seem more dug in than they did before, erin. >> certainly a day that was pretty grim on that front. thanks very much and that 1.6 trillion, everyone, surprising republicans and a crucial number especially when contrasted with the 4 billion this entitlement cuts. i want to tell you the republican response as jessica indicated. they didn't want anything to do with geithner's plan. yesterday, john boehner
taxes, no specific cuts according to "the new york times" and "wall street journal." actually, $50 billion more in stimulus spending and no specific spending cuts. it was a nonstarter, and they knew it was a nonstarter. richard wolffe, my question to you is, why did the white house decide to have this as their opening volley when they knew the response would be a negative one that they drew? >> well, they put on $400 billion in medicare cuts. so there were some specifics in there. but was it a hardball opening? yeah, of course it was. the question is, what's the counteroffer, right? they're trying to not just provoke a no. they want the counteroffer. and the counteroffer is, what is it? there isn't one. >> it looks like right now it will probably come back now as $800 billion in new revenue, probably higher specific cuts. >> you forget one extra demand, of course, which is ban the debt ceiling piece. that's huge, right? that's, like, unilateral disarmament. we're going to offer you to unilaterally disarm. i like that one, too. because they were sensible. let's face it, the markets
the full ginsberg with taped appearances on all five shows. nothing will happen until budget tax rates and the ball is now in their court. >> the only thing that stands in the way of a deal right now is if a group of republican members decide there have been a block because they can't afford the wealthiest 2% of americans. >> how much is theater and how much are the two sides locked into positions that remain far apart? the president's plan called for higher tax rates on the wealthiest americans to the tune of $1.6 trillion over ten years along with the combination of new spending and some spending cuts. mitch mcconnell said he, quote, burst into laughter. still, the white house is making it clear until the republicans counteroffer. >> we didn't say how or how much or who should pay. >> there are a lot of items on the table. the president knows what they are. the question is, what are they willing to do? >> at midnight the clock runs out. taxes will go up on everybody. and republicans will instead be in a position of voting against middle class tax cuts. democrats bring such a bill to
putting his foot down. he says no tax hikes for the wealthy, no deal. america hits that fiscal cliff in 27 days and that means tax hikes and deep spending cuts if the democrats and the republicans can't come together in some kind of a deal and with just ten days remaining until congress is scheduled to go home for the holidays, the clock ticking. here's what he told bloomberg news. listen. >> we're going to have to see the rates on the top 2% go up and we're not going to be able it to get a deal without it. >> we start this morning with white house correspondent dan lothian, he's in washington, d.c. okay. so who's got the ball in their court at this point then, dan? >> well, you know, i think the house gop, they have presented their counteroffer which white house spokesman jay carney is referring to as, quote, magic beans and fairy dust. we expect that house republicans will keep putting pressure on the white house to engage, push for more details on what the white house will accept when it comes to additional entitlement cuts. but i think what's unclear is what kind of negotiating is goin
the deadlines that we're facing on jobs and taxes and investment. this is not some run of the mill debate. this isn't about which political party can come out on top in negotiations. we've got important decisions to make, and they'll have a real impact on businesses and families all across the country. our ultimate goal, our long-term goal is to get our long-term deficit under control in a way that is balanced and is fair. that would be good for businesses, for our economy, for future generations. i believe both parties can and will work together in the coming weeks to get that done. we know how that gets done. we're iffing to have to raise a little more revenue. we got to cut on the spending we don't need, building on the trillion dollars of spending cuts we've already made, and if we combine those two things, we can create a path where america is paying its bills while still being able to make investments and the things we need to grow like education and infrastructure. so we know how to do that, but in washington nothing is easy, so, you know, there's going to be some prolonged negotia
offer would overhaul the tax code and raise $800 billion in new revenue, it would also seek $600 billion in health savings and $200 billion for revising the cost of living increases for social security. the net savings would add up to $2.2 trillion over ten years. now, again, this is the republican counterproposal to the plan that the white house has already put out. speaker john boehner has said that this is something that is much closer to the bowles-simpson proposal. erskine bowles saying the gop offer does not represent the plan, he says both sides are kind of far away from it at this point and that it's now up to negotiators to figure out where the middle ground is today. >> bowles said that the mid point that i used back in -- this is where we were last year. so used the mid point of the negotiations, but it's in longer the mid point i guess. >> he also said -- he is a testimony, but he has separated himself from the administration by saying that they thoo should have taken more of their proposals more seriously. he also said last night that you will see higher marginal tax rates.
minister of italy, he comes out with a package two thirds tax hikes, one third tax cuts. and i remember saying do you think this will work, they're raising the v.a.t. tax and i understand italian household debt isn't that high, but they were trying to tax their way out of a massive debt problem and in fact receipts went down, consumption fell to 4.25 annualized rate and the situation got much worse. today italy has zero nominal gdp grets. and they're funding at 4.5%. that is a bad business model. spain same story. so when you bnk our package and what's been offered so are far which appears like $1.6 trillion in tax hikes against $400 billion of entitlement cuts over time, that's an even worse mix than the two-thirds/one-third european structure that really has gotten a negative reaction. >> how much is because of the mix and how much of it just this is what austerity looks like? >> is the money in capping deductions or raising marginal tax rates? it's in capping deductions. but that's tough because you have to tell someone no like the housing lobby or charitable contributions. >> cappin
to stand against the tax increase. we are 30 days from going over the fiscal cliff . both sides are pointing fingers and blaming each one for the stalemate. but the real losers is you and me, the american taxpayer if the taxpayers can't come to a compromise. steve has more on the part of the grid lock. >> hi, uma. one month away from the critical deadline and there appears to be very little movement to a deal. the president is using the bully pulpit and appeal to the american people and pushing to extend the bush era tax cuts but those making $250,000. a year. democrats want high tax rates for the wealthy. the president stressed the urgency of the situation in the radio address. >> if congress does nothing. every family will see the income taxes go up in the beginning of next year. a family of four will see income taxes rise $2200. we can't let that happen. our families can't afford it and neither can our economy. >> but republicans say the president should quit his campaign mode and come home and take care of business. the latest round of political maneuvering involves pressure
, that what moved up nicely is going to be the piggy bank that gets cracked first before the tax man comes based on the unknowns of the fiscal cliff. >> would you buy gold here, michael? >> no, no. i'm going wait for it to wash out a little more. then i'm going add to my positions. i have a -- >> you don't weigh gold outright. >> you have to own some gold. qe-4 is coming. no doubt about it. they're already doing $40 billion per month. it's going to be $85 billion of unsterilized counterfeiting per month starting january 1. how do you abandon gold in that premise? >> that's exactly right. we're playing it a little bit differently. we like some of the gold-related companies. >> the miners have gotten beaten up. they got beat up much worse than the actual metals. >> there's cost and exploration you have to factor in. >> are those your best ideas? >> no, actually. i think you can still -- i'm half if cash. i think you can look for areas to enter in o short position on lockheed martin. >> defense stocks because of the fiscal cliff. >> yes, but once that gets solved, i think you have a huge rall
republicans are still in disagreement over how to reduce the deficit and avoid a raft of tax hikes and spending cuts. yesterday our own jim cramer and maria bartiromo were on "meet the press" and cramer had a message for fellow panelists and father of the anti-tax pledge, grover norquist. >> most ceos are republican. they're on board. they're not on board with you. they're not on board with you because they fear your view. they think you do not favor going -- you favor going over the cliff. that's what they think. they think that you favor -- >> just for the record since we're on tv. that's silly if they think that they shouldn't be ceos. >> it doesn't really matter. that's what they think. >> i want you to walk me up to that moment. >> behind the record. i like that too. >> i'm stuck. like grover is stuck with this pledge he made everybody take which is that they have to go over the cliff because they obviously will not ever say the word tax. they will only say revenue. i'm stuck speaking to many more ceos than grover norquist is. he thinks it's silly. he thinks ceos are silly. i
the pressure on republicans to freeze taxes for the middle class while allowing the tax rates on the wealthy to go up. >> if congress does nothing, every family in america will see their income taxes automatically go up on january 1st. that's sort of like the lump of coal you get for christmas. that's a scrooge christmas. >> hm. in other words, the day after the white house puts its opening bid on the table, the president comes out swinging. that opening bid didn't have a whole lot of concessions in it to the republicans, and the republicans reacted as many would have predicted. they were mad. basically saying that offer was an insult. today, house speaker john boehner doubled down. >> it was not a serious proposal. and so right now, we're almost nowhere. >> that doesn't sound good. republican congressman lee terry of nebraska was just as succinct but how shall i say this? more colorful. he told the omaha world herald we're screwed either way. we really have no leverage in these discussions. representative terry has said he is open to a deal that includes some new tax revenues. he's also sai
. basically making the case for his tax cuts but he had a chance to make a toy factory joke as presidents are want to do. he said he's got a naughty and nice list back in washington. he's got certain congressmen in mind to be on that naughty and nice list. but take a listen to what the president said making the case that this is all about tax cuts for the rich and republicans wanting to preserve those. >> what's riding on this debate. this is too important to our economy. it is too important for our families to not get it done. it's not acceptable to me and i don't think it is acceptable to you for just a handful of republicans in congress to hold middle class tax cuts hostage simply because they don't want tax rates on upper income folks to go up. >> then one of those congressmen who's presumably on the president's naughty list today, speaker john boehner, who came out just a few minutes after the president spoke. he talked here on capitol hill a little bit about the stalemate that he sees these talks being at this point. sort of a glum take here from the speaker of the house. obviously
revert back to the same tax plan that we had when clinton was president. you can't get from here to there unless you raise the upper rates. and that's what the president suggested, it's up to them to come forward with something else. >> the day after boehner loyalist tom cole, republican congressman from oklahoma said that the house should simply take up the bill that the democrats passed in the senate that would raise income taxes only on the top income tax brackets. another senior republican lawmaker who asked not to be identified this time told reuters that the democratic bill could pass in the house of representatives if john boehner would allow such a bill to be brought to the house floor for a vote. here is boehner speaking about the president earlier today. >> members of his own party seem quite comfortable with sending the economy over the fiscal cliff. no substantive progress has been made in the talks between the white house and the house over the last two weeks. >> speaker boehner doesn't want to propose spending cuts, so now he's trying to pressure the white house to
court press asking americans to pressure congress to keep middle class tax cuts for families earning $250,000 or less. >> it is too important for washington to screw this up. now is the time for us to work on what we all agree to, which is let's keep middle class taxes low. tweet, use the hashag my2k or e-mail, post it on a member of congress' facebook wall, do what it takes to communicate a sense of urgency. i'll sign this bill as soon as congress sends it my way. i got to repeat, i've got a pen. i'm ready to sign it. so -- >> the president wants republicans to first agree to keep the middle class tax cuts, and then he wants to move on and tackle the rest of the fiscal cliff problems. do not count on groundswell of republican support. in fact, one republican, congressman tom cob, proposed a similar idea and conservative republicans shot him down. we'll get to that here in a moment. quite a moment today. also president obama is meeting today with 14 key ceos to try to get their support for keeping those middle class tax cuts. the ceos are from huge, huge companies here. macy's, home
of getting the fiscal cliff deal done before everyone's taxes go up. >> consolation lunch? president obama visits mitt romney to the white house today and everyone is buzzing about it. could obama offer him a job? >> congratulations to someone. you just won the gdp of a small nation. not just one but two winning tickets in last night's record powerball drawing. we'll tell you where. >> and if they will be my best friend soon. we have a packed show. john ba, rasso, adam shif, rick warren, tom cole, connie and mary bono mack and steven holcomb. >> we have so many people coming up. it is thursday, november 2. "starting point" begins right now. >>> good morning, everyone. our starting point this morning, developments happening now in cairo. the u.s. embassy there is closed. no one is being allowed in or out as we speak. >> embassy officials say protesters are blocking the entrance and clashes are happening near nearby. reza sayah is nearby for us. what's happening? >> reporter: there is no indication protesters are targeting the u.s. em wibassy b it was closed as a precaution. these are protes
, though, seem to be at a stalemate. yesterday with just 29 days until tax hikes and deep spending cuts kick in. both republicans and the democrats were running to the airwaves to try to explain their positions. here's what they said. >> what we're not going to do is extend those tax cuts with the wealthiest americans. those cost a trillion dollars over ten years and there's no possibility that we're going to find a way to get our fiscal house in order without those tax rates going back up. >> nobody wants to go over the cliff. that's why the day after the election i tried to speed this process up by making the concession to put revenues on the table. it's unfortunate that the white house has spent three weeks doing basically nothing. >> the administration has presented a plan that calls for $1.6 trillion in new tax revenues. $400 billion in cuts to medicare and other entitlements. $50 billion for a new stimulus and congress would have to give up control over raising the debt limit. republicans have indicated that they want to raise revenue by lowering tax deductions, haven't given any
the other of not taking the situation seriously as tax hikes, rather, speakerration of the bush tax cuts will take effect. so taxes will go up unless someone does something. today, geithner met with the power players on the hill. the president says any deal has to raise taxes on families earning more than $250,000 a year. republicans say that is something they "could" be willing to consider but if and only if the president meets them halfway. house speaker boehner says they are not any closer to a deal publicly. >> all eyes or on the white house. the country doesn't need a victory lap but leadership. it is time for the president and congressional democrats to tell the american people what spending cuts they are willing to make. >>shepard: the democrats say any are open to spending cuts but no one has been specific. no one is specific. they say the republicans will not answer serious solutions. >> let them come forward with something. the issue is simple as was shown during all the presidential debates and during all the conversation during the campaign you cannot get from here to there u
that congress ought to take a deal offered by democrats to go ahead and extend the bush tax cuts but only for the people below $200,000 in income. here's the president. >> the senate's already passed a bill that keeps income taxes from going up on middle class families. democrats in the house are ready to vote for that same bill today. if we can get a few house republicans to agree as well, i'll sign this bill as soon as congress sends it my way. >> reporter: this is the president trying to take advantage of having the high ground in public opinion but we've heard from erskine bowles in the last 24 hours that the white house is privately showing some flexibility on the issue of the top tax rates. the administration believes they have to go up swla to get money they need to strike a deal, but not necessarily to 39.6% according to erskine bowles. >> john harwood, thank you. >>> investors of course watching the fiscal cliff chess match very closely. as bob showed us, the markets are moving on every bit of news. will there be a compromise to talk about that on capitol hill, senator john hovan
,000 people in a room. doesn't really matter. norquist saying don't have a deal. have to raise taxes. democrats don't seem to favor lowered defense budget and favor higher taxes for the rich and so we're done. i think we're done. >> after durbin speoke yesterda, if you're going to get a blueprint, he doesn't want entitlements be part of it for next year. >> it's the 1,000-point solution. maybe that will change their mind. durbin said no. norquist is saying no tax increase. what else is there? am i missing something? what am i missing? blankfe >> stallen made a lot of sense. mass murderer about you doesn't mean he didn't make sense. >> blankfein, kent, mayer, roberts of comcast. is there anything these guys can say to change their tune? to get people -- >> we're just past thanksgiving. let's give it a little time. things can change. we've seen lots of back and forth. everybody is establishing their negotiating position. there's still a negotiation to come in some way. i'll take the optimistic view. >> maybe that's where they are starting from. >> a reset button? >> we have yet to get
is they aren't moving until they hear the republicans agree to raise tax rates on the wealthiest. listen to what the president had to say. >> i think that, you know, we have the potential of getting a deal done, but it is going to require what i talked about during the campaign, which is a balanced responsible approach to deficit reduction that can help give businesses certainty and make sure the country grows. and unfortunately the speaker's proposal right now is still out of balance. he talks, for example, about $800 billion worth of revenues, but he says he's going to do that by lowering rates. when you look at math, it doesn't work. >> reporter: so unbalanced approach is the white house's nice way of saying you got to be kidding me. jay carney used the phrase in the briefing just now that the proposal from the republicans was a bunch of magic needs and fairy dust and the current standoff is continuing with neither side talking today, brooke. >> magic beans, fairy dust, la la land, it is laughable but not. it is serious stuff that affects every one of us come january 1st, 28 days to g
taking the wheel of talks to avert the january tax hike. that's a senate side of the capitol. here's treasury secretary geithner emerging in to the shadows. there he is right there. about to pay a call on house speaker john boehner. speaker boehner a key republican and after his meeting with geithner this morning, boehner said these urgent talks haven't moved forward in two weeks. keep in mind, they need to get it done by january 1st and here's boehner getting grumpy with cnn's kate baldwin. take a look. >> to this point, most -- most public statements have been optimistic, confident, hopeful. we're all sensing a very different tone from you right now. are you walking away from talks? have things completely broken down, mr. speaker? >> no, no, no. stop. i got to tell you. i'm disappointed in where we are and disappointed in what's happened over the last couple of weeks. but going over the fiscal cliff is serious business. and i'm here seriously trying to resolve it. and i would hope the white house would get serious, as well. >> all right. so once again, here are the cliff notes ri
the president said there is not enough time to pull off the republican's proposal that overhauls the tax system and entitlements at tate days from going over the fiscal cliff which is called the series of spending cuts and expiring tax breaks which would be an economic disaster. the sticking point is the call for higher taxes for families, higher taxes on amounts earned above $250,000. everyone gets the tax cut, the first $250,000 is not taxable only but that. the president says, look, i ran on this and i am going to do this. but he is signaling he could be flexible on how high they would go. ed henry is like. this has been out there for a few days. >>reporter: that right. the president had the governors in today and they underdiscover the fiscal cliff will not just impact the national economy but have a lot of impact on state and local economies, as well, and their state budgets, et cetera. the president, though, is standing firm. and jake carney saying unless the republicans give in on tax rates and raise the bush tax rates on the rich, there is no deal and the president is willing to go off
tax hikes and spending cuts will kick in with the new year unless, unless the white house and republicans can reach a deal. for weeks, gop lawmakers have said we're just waiting for the white house to give details, specifics, some numbers. well, tonight that's happened. the white house is calling their bluff and they've laid out how they want to cut the debt. jessica yellin is over at the white house for us tonight with new developments. jessica, what are the specifics of this offer tonight? >> reporter: hi, wolf. according to senior officials on both sides of the aisle, the president is asking for $1.6 trillion in new taxes. that includes raising taxes for families who make $250,000 or more. you'll recognize that as a pledge from his campaign. and it also includes limiting deductions and loopholes as well as other changes to capital gains and dividends taxes. well, that is the headline for republicans, wolf, who say it is far more money in tax rates than they ever expected to hear from the white house in any offer. moving on to some other aspects of the proposal, secretar
meaningful and comprehensive tax and entitlement reforms. this is the number one story that we've been talking about every morning here since the election. fiscal cliff, big, big issue. there are now, it seems, growing numbers of people on both the right and the left who would like to see us just go over that fiscal cliff. how big of a problem would that be? >> that would be a big problem. i actually still believe that those -- the democrats, the administration, republicans in the final analysis don't want to see that happen. they do understand that not only would that present a problem in the near term as we went over the cliff at the end of the year, but we still then have the whole debt ceiling fight that would transpire shortly into the new year. the issue isn't simply the negative result of going over the cliff, but it's also that business, consumers, everybody continues to hold back on the uncertainty. and we believe the economy is pretty well positioned potentially in 2013 if we can put this behind us. so i think a lot of what's going on is what you would expect to see in this n
are the middle class people and we are the working class people that have paid our taxes and we are not getting anything in run. it is always fema, deny this. you have to reapply. it is a joke. a joke. you are the president of the united states, you got that pen, you bailed out the banks, bail out the american people that don't have homes for the holidays. the president is going away. he is going to hawaii for christmas for 20 something days, where am i going to be? where are my neighbors going to be? we will not have a place called home. mr. president, you have to do something. you are the president. you got to get fema to react and put the trailers in areas and let people have places to live for the holiday. you are going to enjoy your holiday in hawaii. i'm going to be here with in lights, no electric, no plumbing, not having my kids here, what am i going to do for the holidays? you will be warm. i may be cold. maybe get sick. you know what? me and my wife have been stressed out, depressed, we have anxiety we have panic attacks at night when we hear noise that someone is breaking into our ho
, no one wants higher taxes, but we're not in a deep reception right now. we absolutely are going to die if things start to change and in fact, the underlying real problem, the growing deficit on the path to greece, the goal gets worse once we kick the can away. that will be the overriding probleming not the slowing economy not people spending money, but sure, that might not happen in the first two months, but it will eventually happen if we keep kicking down the can. we want to prove to the world that we have a solution and if it takes a few months to get there and higher taxes for a while, big deal, we will get there. that's got to be the plan not just the same nonsense. >> yeah, but larry, that's part of your point, but jonas says we're not in a bad recession, we're certainly not in a good recovery. and if we just keep falling little bit by little bit, maybe as much as jump off the cliff, but it's certainly a slippery slope. >> brenda, the damage is already being done. we saw it in november retail sales and companies delaying activity already and we know the ratings agencies are minut
, the third wealthiest man of the senate, outfront on tax rates and whether the president needs to take a bigger role. >>> plus, the u.n. ambassador to the u.s. susan rice, admits the talking points she used after the benghazi attack were wrong. republicans call her answers troubling. >>> and a former mayor spent her life taking on thugs in her town. her fight and her life tonight are now over. let's go out front. >>> good evening, everyone. i'm erin burnett "outfront" tonight, where in the world is president obama? it's been 11 days since he met with congressional leaders on the fiscal cliff. and with impending doom as a lot of people describe it, just 35 days away, key lawmakers say the president hasn't worked hard enough with them to broker a deal. >> rather than sitting down with lawmakers of both parties and working out an agreement, he's back on the campaign trail presumably with the same old talking points that we're all quite familiar with. >> well, now, as far as top democrats are concerned, things haven't been going so well since that november 16th kumbaya meeting at the white
. >> it is unacceptable for republicans to hold middle class tax hostage because they refuse to let them go up on the wealthiest americans. >> people saying that the deal he offered doesn't look like a deal. steve is live in the washington bureau. is there any movement on either side. >> not much. a few republicans who are willing to talk about higher tax rev news but not higher tax rates. the president made a direct appeal to the public. the toy factory in pin pen. he urged congress to pass a bill and extend the era tax cuts for middle class only. >> congress could prevent a tax hike on the first 250,000, of everybodiy income. that means 98 percent of americans and nen percent of small businesses wouldn't see income taxes go up at all . even the wealthiest americans would get a tax cut on $250,000 of the income. democrats are pushing for a vote and it was approved by the secretary. >> and republican leaders what are their next move. >> they are sticking to their guns on the tax rate . they are reacting strongly to the plan that the president uned this week. house spheeker - on speaker boehner
Search Results 0 to 49 of about 60 (some duplicates have been removed)